An Introduction to Their Careers and Main Published Works
THE 1991 NOBEL MEMORIAL LAUREATE RONALD COASE RONALD COASE Ronald H. Coase (b. 1910) © The Nobel Foundation Ronald Coase was born in Willesden, London, UK in 1910. He went to school in London and won a place at a high (secondary) school which, at that time, allowed pupils after they had completed their secondary education to study as external students of the University of London for a year. Coase reports that this prompted the ﬁrst of a number of fortunate incidents that shaped his career as an economist (Nobel Foundation, 2004). His initial intention was to take a degree in history but a late start at high school meant that he had not taken the required prior course in Latin. As an alternative Coase chose chemistry – a subject in which he had demonstrated some earlier promise – but he found the associated mathematics ‘not to my taste’. This left him with only one option: commerce. He passed his ﬁrst year’s work and enrolled at the London School of Economics (LSE) (part of the University of London) to continue as an undergraduate on a bachelor of commerce degree. He was awarded a BCom by the University of London in 1932. In 1951 he was awarded a PhD in economics by the same institution. Coase’s ﬁrst academic appointment was as an assistant lecturer at the Dundee School of Economics and Commerce in 1932. In 1934 he was appointed as assistant lecturer at the University of Liverpool and in 1935 he returned to the...
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